Feb. 9, 2024

39 - A Deep Dive into Defined Benefit Plans with Financial Guru David Podell

Show Notes
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In this episode, join me with David Podell, a seasoned expert in defined benefit plans with over 20 years of experience.

Discover the exciting side of defined benefit plans—a powerful tool for high net worth entrepreneurs. David, a preferred vendor in Tax Plan IQ, breaks down the complexities, making it accessible and valuable.

Explore real-life cases showcasing substantial tax savings through customized plan designs. Learn about front-loading contributions, combination plans, and the potential for six-figure tax savings. David emphasizes simplicity, efficiency, and customization for optimal results.

What you'll hear in this episode:

[03:16] Discusses about Defined Benefit Plan

[06:11] Age Considerations and Contribution Opportunities in Defined Benefit Plans.

[09:42] Contributing to Defined Benefit Plans at Different Ages.

[13:33] Cost in efficient Sale

[18:48] Explanation of the 401(h) component within the plan.

[28:00] Secure Act and Funding Opportunities

[30:30] Books and Resources

Ready to supercharge your retirement planning and discover innovative tax strategies? Tune in now!

Connect with David Podell on LinkedIn at https://www.linkedin.com/in/bbconsultants/

Visit David Podell's Website https://businessbenefitsconsultants.com/

Connect with Jackie on Instagram @jackiemCPA